Tag: acquisition

Austin-based Bandit Acquired by GoPuff

Photo courtesy of Bandit

GoPuff, a Philadelphia-based snack, and beverage delivery company, has acquired Austin-based Bandit, the App-only coffee shop founded by early Uber employee Max Crowley.

Bandit, founded in 2019, relocated its headquarters from New York to Austin in September of 2020 because it offered the startup an opportunity to experiment with curbside and drive-through technology in a booming city, according to a company blog post.

The financial terms of the acquisition of Bandit by GoPuff were not disclosed.

Bandit had raised an undisclosed amount of venture capital from Alex Pattis and four other investors, according to Crunchbase. GoPuff, founded in 2013, has raised $2.4 billion in venture capital to date.

Bandit is all about contactless delivery of a cup of premium coffee, matcha, or ice cream. It also offers sandwiches and local pastries. Bandit is a mobile app that allows customers to browse a menu, place an order and receive rewards for purchases. Bandit competes with Starbucks and Dunkin Donuts and other coffee shops.

“We’re proud to serve delicious coffee, a full matcha bar, exciting new treats like ice cream, and a menu full of local offerings like Tacodeli breakfast tacos, pastries from Texas French Bread, and other treats from Easy Tiger,” the company wrote in a blog post when it moved here last year.

Editor’s note: This story was briefly taken down because a representative from GoPuff said it was incorrect. GoPuff says the acquisition took place last year. A PR firm representing Bandit sent a release saying the acquisition took place last week. The story has been updated.

Under Armour Acquires MapMyFitness

LanderHero_MMF_KPLetter_PartnerLogo_111413Under Armour announced Thursday it has acquired Austin-based MapMyFitness for $150 million.
The deal is expected to close by the end of the year.
The acquisition gives Under Armour, based in Baltimore, more digital products and solutions to help athletes train and perform.
MapMyFitness’ 100 employees will remain in Austin. The company has more than 20 million active users for its suite of websites and mobile applications under its flagship brands, MapMyRun and MapMyRide. The GPS technologies allow users to map, record and share their workouts.
“This partnership is about Under Armour enhancing our digital expertise to drive the future of performance innovation for the global athlete community,” Kevin Plank, Founder and CEO of Under Armour said in a news release. “We will build on the community of over 20 million registered users that MapMyFitness has cultivated in the connected fitness space, and together we will serve as a destination for the measurement and analytics needs of all athletes.”
“MapMyFitness has engaged and built a global community, making advanced training tools more accessible through our web and mobile platforms,” Robin Thurston, MapMyFitness Co-Founder and CEO said in a news release. “The combination of Under Armour’s powerful commitment to athletes and innovation and our connected fitness technology allows us to better serve the needs of athletes around the world.”

Dell to Buy Quest Software for $2.4 billion

To strengthen its software business, Dell announced plans to acquire Quest Software for $2.4 billion.
Round Rock-based Dell, which started out as a PC company in 1984, has recently begun to diversify into more software and solutions products. Dell recently launched its software group.
Quest’s software products and technology will only strengthen Dell’s move to provide end-to-end software solutions to companies.
Quest reported $857 million in sales in 2011. It has 1,500 software sales experts and 1,300 software developers that will join Dell.
Dell’s software business is currently worth about $1.2 billion in annual revenue.
Quest, founded in 1987 and based in Aliso Viejo, Calif., has more than 100,000 global customers including 87 percent of the Fortune 500. The company has approximately 3,850 employees and operates 60 offices in 23 countries.
“The addition of Quest will enable Dell to deliver more competitive server, storage, networking and end user computing solutions and services to customers,” John Swainson, president, Dell Software Group, said in a news statement.

Avnet Acquires Austin-based Ascendant Technology

Avnet announced Monday its plans to acquire Ascendant Technology, based in Austin.
Phoenix-based Avnet, an electronics component maker, did not disclose terms of the deal.
Ascendant Technology, an information technology consulting firm, helps businesses create ecommerce, web content management, cloud computing and other solutions. It had revenue of approximately $90 million in 2011.
Founded in 2003, Ascendant Technology has more than 500 employees. The acquisition, pending customary regulatory approval, is expected to close within 45 days.
Avnet’s stock, traded under the symbol AVT on the Nasdaq market, closed up nearly 2.5 percent at $36.83.

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